Rachel Rendall
Can you sell individual units of a fourplex?
Hi BP community,I am interested in buying a fourplex, but the downpayment will be substantial. I am wondering if after buying the fourplex I would be able to sell one of the units (each of the units is the size of a s...
Matthew McNeil
Partnership LLCs Required to Adopt New Tax Audit Agreement
I came upon this recently and wanted to share it because I'm not seeing it in other posts. The Bipartisan Budget Act of 2015 effective January 1, 2018 requires all LLC partnerships to adopt a Tax Audit Agreement. Bu...
Debrah Sarria
Licensed Real Estate Salesperson from Astoria, New York
Debrah Sarria is the Loss Mitigation Director for “Canterbury Servicing” a company dedicated to provide loan workout solutions to homeowners and real estate investors. Real estate agent for Smart Realty Solutions. Fo...
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
Los Angeles County continues to grapple with devastating wildfires that have claimed five lives, destroyed over 2,000 structures and forced the evacuation of at least 130,000 residents. As firefighters persist in batt...
Oren K.
Tax Considerations for Canadians
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...
Aliyyah Carter
BRRRR Pros and Cons
Hey everyone, my name is Aliyyah. I'm a licensed real estate agent who focuses solely on working with investors on their next flip or rental property in the Philadelphia area. I currently have a new investor who is re...
Edward Ruan
Bay Area Opportunity Zone Investment
So I'm currently in the process of buying a house hack property that's in an Opportunity Zone (OZ) and am currently buying under my name for the lower interest rate. The intent was to transfer the property after purch...
Charlie Romano
One RE Holding Company. Yes or No? Considering future entities.
Hi All,
This is my very first question in a forum setting. I appreciate the opportunity and any advise on this topic. Based on past questions on this very topic, and answers submitted by many members, it almost alway...
Adrie Moses-bailey
What happens to mortgage interest deduction in an LLC
Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...
Christopher Martin
Hard Money Lending
I have a close friend who is a contractor and flips houses. He has worked with other hard money lenders in the past. I have been wanting to invest in real estate and he suggested that I become a hard money lender. ...